builders lumber & hardware
Murphy Parks Funeral Home
First Bank

President Trump Calls On Federal Reserve To Weaken Dollar

On Thursday, President Donald Trump called on the Federal Reserve to take steps to weaken the U.S. dollar in a move that would make American exports more competitive in world markets while increasing prices on imported goods.

Trump wrote in a series of tweets, “As your President, one would think that I would be thrilled with our very strong dollar. I am not! The Fed’s high interest rate level, in comparison to other countries, is keeping the dollar high, making it more difficult for our great manufacturers like Caterpillar, Boeing … John Deere, our car companies, & others, to compete on a level playing field.”

All of this comes just days after Treasury Secretary Steven Mnuchin formally declared China to be a “currency manipulator” under U.S. law because the People’s Bank of China let the yuan weaken beyond 7 to the dollar for the first time in over a decade.

Trump pressures Fed to cut rates, weaken dollar to boost exports

Via thehill.com
 

Hoosier Realtors
Major Health Partners
Heritage House
Top Dog Boarding Kennel
Hoosier E-Cig
Cagneys